22,344 Shares in LendingTree, Inc. (NASDAQ:TREE) Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,344 shares of the financial services provider's stock, valued at approximately $866,000. Balyasny Asset Management L.P. owned 0.17% of LendingTree at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TREE. New Age Alpha Advisors LLC purchased a new stake in shares of LendingTree during the fourth quarter valued at $36,000. Tower Research Capital LLC TRC boosted its stake in shares of LendingTree by 248.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 848 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of LendingTree in the fourth quarter valued at about $54,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of LendingTree in the fourth quarter valued at about $56,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of LendingTree in the fourth quarter valued at about $70,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

LendingTree Stock Up 1.6%

Shares of LendingTree stock traded up $0.59 on Friday, reaching $38.21. The stock had a trading volume of 218,288 shares, compared to its average volume of 264,651. The stock has a market capitalization of $517.17 million, a P/E ratio of -14.15 and a beta of 1.76. LendingTree, Inc. has a 1 year low of $34.55 and a 1 year high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a 50 day moving average price of $46.25 and a 200 day moving average price of $44.02.

LendingTree (NASDAQ:TREE - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.25. The company had revenue of $239.70 million for the quarter, compared to the consensus estimate of $244.93 million. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The company's quarterly revenue was up 42.8% on a year-over-year basis. As a group, equities research analysts forecast that LendingTree, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling at LendingTree

In other LendingTree news, COO Scott Peyree acquired 9,794 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $46.13 per share, for a total transaction of $451,797.22. Following the purchase, the chief operating officer now owns 97,566 shares in the company, valued at approximately $4,500,719.58. The trade was a 11.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.10% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on TREE shares. Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Northland Securities upgraded LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Stephens restated an "overweight" rating and issued a $69.00 price objective on shares of LendingTree in a report on Thursday, March 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $64.13.

About LendingTree

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.